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20120925
20121003
Search Results 0 to 8 of about 9 (some duplicates have been removed)
become all too familiar in europe, facing spiraling deficits and higher unemployment, spain unleashed drafting spending cuts to date are around $50 billion. it is europe's largest -- fourth largest economy. gavin hewitt has more from madrid. >> lines of police outside the education ministry in madrid tonight. teachers protested here against cuts. they came onto the street at the government's announced the most severe round of budget savings so far. these latest austerity measures are widely seen as paving the way for a full-scale bailout. >> [spending -- speaking spanish] >> the minister of finance said he heard 2012 would be the last year the economy would shrink. another minister described it as a crisis budget designed to exit the crisis. this austerity budget aims to find savings of 40 billion joerres next year. each government department would how to make cuts of 90%. public-sector pay will be frozen for another year, and the retirement age is set to rise. >> just a few weeks ago, europe believed it had achieved a breakthrough. the european central bank said it would help come --
in the finances and reduce the deficit. the richest households and the biggest companies would bear most of the pain. >> this is a fighting budget to restore the country to health. this is fighting a debt. >> the budget will lead to savings of 30 billion euros next year. that is less than 2% of the economic output. public spending will be frozen. care will be higher taxes on those earning over $1 million. they will be taxed at 75%. he is a new media person and a millionaire and he believes the higher taxes will send a message that france is not open for business. >> the risk is not only that talent will leave the country but the young ones with talent will leave the country. >> this week has seen the paris motor show. hard selling in tough times. the french economy is stagnating and workers are being laid off. eight thousands at peugeot alone. some argue that if france is to grow again, it needs radical reform. >> in france, we must do everything for the future to have our industry competitive. beyond retreat -- restructuring, we have one of the highest. >> many of these workers face red
in this format is a huge deficit, and they kept winning matches and they really seemed if one was ahead, another one would get ahead and they fed on each other and the next thing it was a tied match going into the end and the europeans pulled it off. >> the crowd must have been stunned. >> yeah, it was ryder cup crowds, they're really like nothing else in golf because fans act like fans at every other sporting event. they cheer very loudly. there was a strong european contention. on sunday definitely the strategy by the europeans was to take the crowd out of it. they got up early. they sent out their best players. they sent out luke donald. they sent out justin rose. they sent out rory mcilroye. they quieted the crowd in chicago and that's why they were able to win. >> tiger woods has been getting a lot of blame by the media here in the u.s. does he deserve it, do you think? >> i mean, over the course of its career, the ryder cup has been a place where he's not performed to the level he has in other spots. i do think that the format of the ryder cup is different. i mean, you look at the way peop
Search Results 0 to 8 of about 9 (some duplicates have been removed)